The Baltic Exchange’s dry bulk sea freight index edged lower on Tuesday to snap a seven-session long winning streak, as losses in the panamax and supramax segments overshadowed a gain in capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 38 points to 2,689 points. The …
Representatives of the global shipping industry, supported by governments, have laid out proposals on how a planned global R&D fund can be tailored to support developing economies. Updated proposals submitted to the UN International Maritime Organization (IMO) outlined how a planned $5bn IMO Maritime Research Fund (IMRF), which will accelerate the development of zero-carbon technologies …
As we entered February, the trends carried over from 2021. Congestion in global supply chains created as a result of the pandemic are slowly easing but remaining supportive of the freight markets with a very minor pull back Asia-Europe and Mediterranean container trades. Transpacific, coming off later in 2021, has since been pushing upward. FBX01 …
Bunker fuel sales in Singapore slipped 13.2% on the month, or 15% lower on the year, to 3.502 million mt in February, according to preliminary data by the Maritime and Port Authority of Singapore March 13. Sales of all bunker grades in February marked double-digit declines from the previous month, the MPA data also showed, …
SINGAPORE DATA: Feb bunker sales fall for fourth straight month to 3.50 mil mt Read More »
Global law firm Reed Smith announces today that it is advising North P&I and Standard Club in their discussions for a proposed merger to create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries. With 300 years of shared P&I heritage, the combined mutual insurer would …
Japanese Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has completed an investment into Marindows, a Tokyo-based company aiming to build an integrated digital platform for the marine industry. The post Mitsubishi invests in Marindows to promote electric propulsion and ship digitalisation appeared first on Offshore Energy.
ClientEarth will be taking legal action against the board of directors of Shell over “mismanaging climate risk.” The post Shell board facing legal action over ‘failing to properly prepare for energy transition’ appeared first on Offshore Energy.
Free shore-based power is available at Maaskade in Rotterdam for large inland vessels that participate in a trial with shore-based power from a battery system, the Port of Rotterdam said. The post Port of Rotterdam: Free shore power from battery for inland vessels appeared first on Offshore Energy.
London-listed E&P company Energean has signed a gas supply agreement with the largest Israeli buyer of natural gas. The post Energean inks gas supply deal with largest Israeli buyer appeared first on Offshore Energy.
Norwegian oil and gas player Equinor has now also decided to stop trading in Russian oil and oil products. The post Norway’s Equinor not entering any new trades for Russian oil appeared first on Offshore Energy.
